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To certain extend money is quite important a consideration in the MBA decision.
Attending a top US MBA program can easily cost USD100K or more. Most people take loans to cover expenses and tuitions. The student loan payment will become a not-so-small burden after graduation. I have seen some folks forced to give up what they truly want to do and take a high paying (also high stress) consulting/IB job with the simple desire to pay down the debt and regain their financial freedom. Some even lamented that “The debt has closed more doors than the degree has opened”. This is why I suggested earlier that if you believe your future is in China and your long term aspiration is to go back and work in China, you should really be carefully of what kind of schools you apply and what kind of offers you take or not take.
On the other hand, I have seen many folks, some without MBA, and some with MBA from top Chinese programs, doing extremely well in China. So in my opinion going to a top Chinese program is certainly a viable option for folks who believe in the future of China. In the Chinese labor market, I personally don’t think there is much differences between the job market competitiveness of top Chinese MBA graduates and that of graduates from 3rd tire or no-name US MBA programs (other than that US MBA graduates may have better English language ability). Unless you are from top US programs, most Chinese employers, multinationals or local firms alike, will not treat you and pay you differently simply because you have an US degree. Even for those with top US MBA degree, it’s getting harder and harder every day to demand a very high compensation package from Chinese employers. “Global pay” is a practice that is gradually falling out of favor – only few big consulting/IB firms still offer it. In the end what really matters is each individual’s competitiveness and value-generation abilities. Why would an employer overpay if it can get equally good quality from local MBA graduates?
So, I guess that jeremy2000 indeed has asked an important question that, agree it or not, everybody who is applying from China should carefully think through.
[此贴子已经被作者于2005-2-6 17:33:14编辑过] |